Is Action Collections legit?

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Action Collections is a debt collection agency in Ontario, recognized under the Collection and Debt Settlement Services Act. They use technology to recover debt for overdrafts, credit card bills, and personal loans. Some consumers have flagged their communication style as aggresive, particularly with persistent calls and verifying debts. Want them to stop calling? We can help. Reach out via phone, text, or live chat if you have any questions.

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_{Action Collections: a legitimate agency for debt collection.}

Action Collections Question

Is Action Collections legit? I want to know if Action Collections is a legitimate company or if I should avoid interacting with them.

From: Anonymous Question
Location: Burlington, Ontario (ON)
Category: debt settlement

Action Collections Answer

Action Collections is a genuine debt collection service, recognized under the Collection and Debt Settlement Services Act in Ontario. They offer a variety of services for recovering unpaid debts, such as those related to overdrafts, credit card bills, and personal loans. Using advanced tech, they streamline their processes—something pretty standard in the industry. However, a few folks have raised concerns about their communication style, especially around persistent calls and verifying debts. Despite these hiccups, Action Collections must stick to the rules laid out by the CDSSA and follow other consumer protection laws.

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

To determine if Action Collections is a legitimate company, you would need to verify their registration and compliance with the applicable laws regarding debt collection agencies in Canada. According to the Bankruptcy and Insolvency Act (RSC 1985, c. B-3), specifically sections addressing the regulation of debt collection practices, companies must be licensed and adhere to certain standards of conduct.

Additionally, the regulations under the Act, including C.R.C., c. 369 and SOR-2007-256, provide guidelines for how collection agencies must operate, including the necessity of proper licensing and compliance with ethical collection practices.

Ensure that Action Collections can provide proof of their registration with the appropriate provincial regulatory authority, which is usually required under sections of the aforementioned laws. If they cannot provide this information, it may be advisable to avoid interaction.

From: OSB Helper

Related Questions to Action Collections Legitimacy

Here are the top 5 most frequently asked questions related to “Is Action Collections legit?” based on common concerns and online search trends:

1. Is Action Collections a legitimate company?

• Yes, Action Collections is a legitimate debt collection agency.

2. Why is Action Collections calling me?

• Action Collections is calling you to attempt to collect a debt they have purchased from a creditor.

3. How does Action Collections affect my credit score?

• Having Action Collections on your credit report can significantly damage your credit score.

4. Can Action Collections sue me or garnish my wages?

• While it is unlikely, Action Collections may sue in rare cases, but wage garnishment is subject to state and federal exemptions.

5. How can I stop Action Collections from calling me?

• To stop the calls, you can request a cease and desist, dispute the debt if it is unvalidated, or seek help from a company that specializes in removing collections from credit reports.

If you have a question about debt see our debt questions or ask your own debt related question.

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